empty
 
 
24.04.2017 05:24 PM
Daily analysis of Silver for April 24, 2017

This image is no longer relevant

Overview

Silver is trading with a slight bearish bias in an attempt to head for our downward target at 17.43. This keeps our bearish scenario valid for the short term. Let me remind you that we are waiting for a bullish rebound after hitting the mentioned level to resume the bullish trend in the short run. The upward targets are seen at 18.30 extending to 19.38. You should be aware that breaking 17.43 will push the price down to approach 16.56 before any new attempt to rise. The expected trading range for today is between 17.60 support and 18.00 resistance.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback